topic I was 62 years of age & used part of 401K for income, rent & Dr. visits, where is my tax break ? in Investors & landlords

I was 62 years of age & used part of 401K for income, rent & Dr. visits, where is my tax break ?

sharsingley — Thu, 16 Apr 2020 01:53:31 GMT

MinhT1 — Thu, 16 Apr 2020 02:28:59 GMT

Distributions from your 401(k) account are taxable at your normal tax rate without exception.

As you are over age 59 1/2, these distributions are not subject to the early withdrawal penalty of 10%.

fanfare — Thu, 16 Apr 2020 19:17:05 GMT

Your tax break is the Standard Deduction of $12,200.